29 Jan 10 Four Tips for Saving Money on Lodging
Whether or not you are planning an event on a limited budget, getting a great deal is always a bonus. When you can save your employer or corporate clients money on expenditures like lodging, they are sure to take notice and will be delighted to know they can trust you to work the best deals possible when planning their events, meetings or incentive travel packages.
Here are four tips to help you same money on accommodations when planning your next shindig:
1. Be flexible. If you can be flexible on dates and days of the week, you can usually negotiate a better room rate for your attendees’ lodgings.
2. Limit Attrition. Do your best to get a solid grasp on how many attendees you expect. This will help you reserve the correct amount of rooms, avoid promising room blocks that you might not be able to meet, and establish a good relationship with hotels you may be using again in the future.
3. Opt for second-tiers and suburbs. By avoiding the top destinations, you will find that rates are much more affordable just a few miles away, or in suitable cities that just happen to not be on the A list.
4. Negotiate reservations for multiple events at the same time. If you have several clients interested in using a particular hotel for their meetings, or if your employer plans to return for an annual meeting year after year, this gives you more negotiating power when it comes to room rates.
5. Consider an all inclusive cruise event which will provide luxury accommodations, and include other amenities including gourmet meals, entertainment and top-notch meeting facilities.
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30 Nov 09 Increase ROI on Meetings & Events
Most meeting planners have probably already read about how companies want more value than ever before from their conferences. While this can create more work for you, there are some things you can do to work out the kinks long before they happen.
Think Replacement
If you need to help the company keep expenses at a minimum, replace these meeting parts:
- Replace the reception with a working lunch — this will let people meet and network, as well as enjoy a meal together.
- Replace the open bar idea with team building exercises or mind storming training–these programs have a much better chance of improving the ROI than a bunch of drunk employees blowing off steam.
- Replace entertainment with a spa wellness trip. You will have more refreshed folks ready to work.
- Replace land based venues with a cruise meeting, and save as much as 40%. Cruising is all-inclusive, so planners may be surprised to know that meeting rooms, meals, A/V equipment and luxury accommodations are all included in one low price.
Think Reduction
What if the customer says, "Okay, these cost savings are great, let's get rid of the reception, evening entertainment, and and welcome reception open bar meet-and-greet! So what do we do on the last day, then?"
Get rid of it. Tell your client that not only will she not need to make the usual expenditures that don't improve ROI on the cost of the meeting, she can eliminate the last night's hotel bill as well.
By just replacing the non-ROI generating activities and events, you have already increased the value of the meeting. Your client will be grateful for that for a long time. And happy, satisfied clients translate to more meeting planning business for you in the future. So, it pays to find every way to cut out unnecessary expenses and increase meeting ROI for your clients.
Explode meeting ROI with a cruise event. Cruising offers a savings of as much as 40% of the cost of hotelvenues, since a cruise is all inclusive. Go to Seasite.com to use the state-of-the-art cruise meeting planner, and make your next company event a cruise event!
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